EVINE Live (EVLV) Issues Quarterly Earnings Results, Meets Expectations

EVINE Live (NASDAQ:EVLV) issued its quarterly earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10, Morningstar.com reports. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%.

Shares of EVINE Live (EVLV) opened at $1.09 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.90 and a debt-to-equity ratio of 0.98. EVINE Live has a 1-year low of $0.89 and a 1-year high of $1.62. The company has a market capitalization of $71.14, a price-to-earnings ratio of -15.57, a price-to-earnings-growth ratio of 3.97 and a beta of 2.73.

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in EVINE Live in the fourth quarter worth $112,000. Deutsche Bank AG bought a new position in shares of EVINE Live during the fourth quarter valued at $249,000. Goldman Sachs Group Inc. lifted its holdings in shares of EVINE Live by 71.5% during the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of EVINE Live during the third quarter valued at $251,000. Finally, Millennium Management LLC lifted its holdings in shares of EVINE Live by 338.1% during the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after purchasing an additional 203,464 shares in the last quarter. 38.36% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on EVLV. Zacks Investment Research raised EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Monday. ValuEngine raised EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Finally, B. Riley reissued a “buy” rating and issued a $2.00 target price on shares of EVINE Live in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1.95.

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EVINE Live Company Profile

EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.

Earnings History for EVINE Live (NASDAQ:EVLV)

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